Property: Purchase Price: $700,000Down Payment: $140,000Closing Cost: $15,000Rehab Cost Est: $100,0006 Month Reno Holding Cost: $25,000_______________________________________My all in cash for purchase / rehab: $255,000After rehab Rental:  $4500 monthly Rental from both apartmentsNOI: $45,175 Monthly Cash Flow: $1,050Annual Cash Flow: $12,115Refi: New Appraisal: $850,000Equity in the house $290,00080% LTV of equity= $232,000Refi closing: $15,000Total Cash Pull out: $217,000End Result: -After 1yr, total cash put into the project: $38,000-Monthly Cash flow from both tenants $500-Own a property will should continue to appreciateAny suggestion, advice, pointers, criticism is welcomed. 

Many times its a critical part of the transaction and no ever picks up!   

The key is knowing the asset you are lending on that is critical.

But to sum up a critical point for me...The tax benefits only relate to the rental income and maybe your tax bracket right?  

Offering to pay the cost after the fact when he has someone do it doesn't result in someone saying that it's for his safety and security to have it done himself...You're clearly lying, and I'm not surprised that the low critical thinking folks jump to back you on your ever changing story that makes zero sense.But that's what I expect on a forum where realtors say that they get their advice about market cycles from barbers and cab drivers (this actually happened).

Both Sales and Marketing are 2 critical skills that not everyone has.....so just like with anything else people will be in and out of the game especially when they hear and read about all these "no cash needed" podcasts and articles regarding REI.

Proper insurance is critical I this business I believe...

Today you can buy the same floor plan and features in either Manufactured or Modular construction from many companies, understanding the distinctions are critical. 

I guess some will always see the glass half empty and criticize, whine, and complain about it, and some will always see it as half full and figure out how to profit from it.

This is why its critical to have at least a rudimentary education of the many types of ways to do this business. including assignment of contracts wholesaling,rehabbing,buy foreclosure,tax deeds,taking property sub-2,fix and flip, land lording holding for income property, RE management, brokerage.